World Mixed Odoriferous Substance Market to Grow 1.5% Annually from 2015 to 2019

Date: 2015-10-12

Global demand for mixed odoriferous substances is forecast to expand 1.5% p.a. between 2015 and 2019. China, France, Jordan, Mexico and the United States are considered the highest potential markets in the coming years. 

According to recently published research conducted by a leading international market research company, Global Research & Data Services, the expansion of the global mixed odoriferous substance industry is forecast to reach 1.5% p.a. in the coming years. Between 2008 and 2014 the market increased with an average annual growth of 7.3%. Currently, mixed odoriferous substances for drink and food industries account for 57.5% of the global demand while mixed odoriferous substances for other industrial use have a 42.5% share of the market.

China, France, Russia, Spain and the United States represent the largest mixed odoriferous substance markets while the strongest annual growth is forecast to occur in Jordan (17.0%), Sri Lanka (9.7%), Vietnam (9.5%), Norway (6.5%) and India (5.9%).


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